News Wire: Cascada Launch Leads Buick’s Perception-Shifting 2016

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2016 Buick Cascada Convertible © General Motors.
2016 Buick Cascada Convertible © General Motors.

Convertible attracts new customers ahead of three more launches

DETROIT – Shattering expectations has led to three consecutive years of Buick global sales growth, and that momentum is carrying through into 2016. Last month, Buick reached an all-time high in conquest sales, or customers trading in models from competitive brands. Two models — the new Cascada and the popular Encore — have been growing the Buick community the fastest. In 2016 alone, more than 35,000 new customers have switched to the brand.

Through April, 64 percent of Cascada buyers traded in vehicles from outside Buick or any other General Motors brand. Previous Audi, Toyota and Honda customers have been among the most common. Demand for the Cascada has outpaced supply with 2,487 sales year-to-date through April and 1,090 sales in April alone.

“The lasting impact of the Cascada will be a change in perception that only a sexy, sleek convertible can provide,” said Duncan Aldred, vice president of Buick Global Sales, Service and Marketing. “It’s changing minds and attracting customers in the country’s biggest convertible markets, with nearly half of sales coming from New York, New Jersey, Florida, Texas and California. These are all key markets for Buick’s continuing success.”

The Cascada is the first of four new vehicles arriving in U.S. showrooms for Buick and one of two in new segments for the brand. The first-ever Envision is now arriving at dealers and will have a 2017 model year starting price of $34,990. In the industry’s most popular segment, Envision will offer the longest available list of standard safety and a starting price $1,300 below the Acura RDX and $6,000 less than an Audi Q5.

More than 57 percent of Encore customers in 2016 have come from competitive brands, with customers citing value, quality and exterior styling as the top reasons for purchase. Priced to offer a premium entry point into the brand, the Encore now represents 40 percent of Buick sales.

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